Following is the text of press release issued by
Customers utilizing SafeNet solutions include
SafeNet provides an extensive portfolio of data protection solutions including HSM1 advanced cryptographic key management systems, encryption technologies for civilian applications, authentication servers and authentication as a service, as well as sophisticated software license management and monetization solutions.
As an example, HSMs are the essential cloud-based secure elements generating and protecting the fundamental cryptographic keys and processing units used by digital authentication, encryption and signature mechanisms within computer networks and the Internet. All of these will perfectly complement
Once the acquisition is completed, SafeNet will significantly reinforce
The purchase price of
As a result of the acquired business's anticipated profitability, growth and synergies,
"The opportunity to acquire SafeNet has come at exactly the right time, as we have just entered into our new multi-year development plan and there is a perfect fit between
"We are very excited for the opportunity to join
This transaction will accelerate the delivery of
1 Hardware Security Modules
2 Profit from operations is a non-GAAP measure defined as the IFRS operating result adjusted for the amortization and depreciation of intangibles resulting from acquisitions, for share-based compensation charges, and for restructuring and acquisition-related expenses.
Live Audio Webcast and Conference call
A presentation about this announcement and a Q and A session will be webcast in English today at
This listen-only live audio webcast of the presentation and the Q and A session will be accessible from our Investor Relations web site:
This webcast is compatible with Android and iOS terminals, including iPads.
Questions will be taken by way of conference call. Investors and financial analysts wishing to ask questions should join the presentation by dialing:
+33 1 7077 0944
The accompanying presentation slide set is now available for download on our Investor Relations web site.
Replays of the presentation and Q and A session will be available in webcast format on our Investor Relations web site approximately 3 hours after the conclusion of the presentation. Replays will be available for one year.
Gabriel Rangoni Isabelle Marand Suzanne Bakker
M.: +33 6 1426 6956 M.: +33 6 1489 1817 M. : +31 6 1136 8659
M.:+33 6 1243 6304 M. : +31 6 2151 7820
We are at the heart of the rapidly evolving digital society. Billions of people worldwide increasingly want the freedom to communicate, travel, shop, bank, entertain and work - anytime, everywhere - in ways that are enjoyable and safe.
Our innovations enable our clients to offer trusted and convenient digital services to billions of individuals.
For more information visit
www.gemalto.com, www.justaskgemalto.com, blog.gemalto.com, or follow
Founded in 1983,
This communication does not constitute an offer to purchase or exchange or the solicitation of an offer to sell or exchange any securities of
This communication contains certain statements that are neither reported financial results nor other historical information and other statements concerning
Forward-looking statements are generally identified by the words "expects", "anticipates", "believes", "intends", "estimates" and similar expressions. These and other information and statements contained in this communication constitute forward-looking statements for purposes of applicable securities laws.
Although management of the Company believes that the expectations reflected in the forward-looking statements are reasonable, investors and security holders are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by the forward-looking information and statements, and the Company cannot guarantee future results, levels of activity, performance or achievements.
Factors that could cause actual results to differ materially from those estimated by the forward-looking statements contained in this communication include, but are not limited to: trends in wireless communication and mobile commerce markets; the Company's ability to develop new technology and the effects of competing technologies developed; effects of the intense competition in the Company's main markets; challenges to or loss of intellectual property rights; ability to establish and maintain strategic relationships in its major businesses; ability to develop and take advantage of new software, platforms and services; profitability of the expansion strategy; effects of acquisitions and investments; ability of the Company's to integrate acquired businesses, activities and companies according to expectations; ability of the Company to achieve the expected synergies from acquisitions; and changes in global, political, economic, business, competitive, market and regulatory forces. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of such forward-looking statements.
The forward-looking statements contained in this communication speak only as of the date of this communication and the Company or its representatives are under no duty, and do not undertake, to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise except as required by applicable law or regulations.
Press release (PDF) http://hugin.info/159293/R/1847444/644256.pdf
Most Popular Stories
- 2016 Camaro Shrinks, Moves to Caddy Platform
- Eric Garcia Appointed as Revenue Chief
- Tablets, Cars Drive AT&T Gains
- More Hispanic Voters May Not Mean More Clout
- New Effort to Ban Child Labor From Tobacco Farms
- Stocks Subdued After Gains Earlier in Week
- Apple Pay Debuts With Few Issues
- Government: 500 Million Records Stolen in 12 Months
- Pistorius Gets 5-year Sentence in Shooting Death
- Mom Makes Toys R Us Pull 'Breaking Bad' Dolls